IMF Staff Country Reports

Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait

December 9, 2024

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Kuwait: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kuwait", IMF Staff Country Reports 2024, 328 (2024), accessed January 15, 2025, https://doi.org/10.5089/9798400294303.002

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Summary

The economy remains in recession, but a recovery has begun in the non-oil sector, and inflation is moderating. Lower oil prices and production have weakened the external and fiscal balances, while financial stability has been maintained. The risks around the outlook are skewed to the downside, but substantial financial buffers are a source of resilience to external shocks.

Subject: Macrostructural analysis, Oil prices, Prices, Public debt, Structural reforms

Keywords: Capital market development, Consultation-press release, Debt management office, E-government initiative, Global, Headline CPI inflation, Oil prices, Procurement contract, Structural reforms

Publication Details

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